StandardAero, Inc. $SARO Shares Purchased by Parnassus Investments LLC

Parnassus Investments LLC boosted its holdings in StandardAero, Inc. (NYSE:SARO) by 120.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,512,169 shares of the company’s stock after buying an additional 1,372,588 shares during the period. Parnassus Investments LLC’s holdings in StandardAero were worth $72,049,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Cerity Partners LLC boosted its stake in StandardAero by 98.3% in the 4th quarter. Cerity Partners LLC now owns 149,211 shares of the company’s stock worth $4,279,000 after buying an additional 73,966 shares during the last quarter. LPL Financial LLC boosted its stake in StandardAero by 27.9% in the 4th quarter. LPL Financial LLC now owns 44,042 shares of the company’s stock worth $1,263,000 after buying an additional 9,619 shares during the last quarter. CenterBook Partners LP acquired a new stake in StandardAero in the 4th quarter worth about $867,000. Parallel Advisors LLC boosted its stake in StandardAero by 210.3% in the 4th quarter. Parallel Advisors LLC now owns 3,050 shares of the company’s stock worth $87,000 after buying an additional 2,067 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in StandardAero by 12.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 17,495 shares of the company’s stock worth $502,000 after buying an additional 1,969 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Weiss Ratings lowered StandardAero from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Wall Street Zen lowered StandardAero from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Truist Financial raised StandardAero to a “strong-buy” rating in a research note on Friday, May 1st. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $39.00 price objective on shares of StandardAero in a research note on Friday, May 8th. Finally, Wells Fargo & Company assumed coverage on StandardAero in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $32.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, StandardAero has an average rating of “Moderate Buy” and a consensus price target of $34.25.

StandardAero Stock Performance

NYSE SARO opened at $26.00 on Friday. The firm has a market capitalization of $8.64 billion, a P/E ratio of 29.55 and a beta of 0.97. StandardAero, Inc. has a 1-year low of $23.83 and a 1-year high of $34.48. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.12 and a quick ratio of 1.59. The business’s 50-day simple moving average is $26.07 and its 200-day simple moving average is $28.03.

StandardAero (NYSE:SARO) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.49 billion. StandardAero had a return on equity of 12.36% and a net margin of 4.71%.StandardAero’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. Equities analysts predict that StandardAero, Inc. will post 1.42 EPS for the current year.

Insider Activity

In related news, CFO Daniel Satterfield sold 2,306 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $27.36, for a total transaction of $63,092.16. Following the transaction, the chief financial officer directly owned 6,232 shares of the company’s stock, valued at approximately $170,507.52. The trade was a 27.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Anthony Brancato sold 1,107 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $27.36, for a total value of $30,287.52. Following the transaction, the insider directly owned 2,991 shares in the company, valued at $81,833.76. This trade represents a 27.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 19,337 shares of company stock worth $529,060 in the last ninety days. 1.90% of the stock is currently owned by company insiders.

StandardAero Profile

StandardAero is a global aerospace maintenance, repair and overhaul (MRO) provider specializing in gas turbine engines, auxiliary power units (APUs), airframe components and oil & gas rotating equipment. The company offers a full suite of technical services including engine repair and overhaul, component repair, accessory maintenance, parts manufacturing and on-site field support. Its customer base spans commercial airlines, business and general aviation operators, regional carriers, original equipment manufacturers (OEMs) and defense organizations.

With roots dating back to 1911, StandardAero has grown through strategic acquisitions and organic expansion to become one of the largest independent MRO providers in the industry.